TSX-listed St Augustine Gold and Copper (SAGC) this week said its mineral production sharing agreement (MPSA) No 009-92-XI, which covers the King-king copper/gold project in Mindanao, Philippines, will withstand legal scrutiny after authorities earmarked the permit for cancellation.
The Philippine Department of Environment and Natural Resources (DENR) held a news conference on February 14, wherein the DENR Secretary Gina Lopez announced that the MPSA was one of 75 MPSAs recommended for cancellation on environmental grounds.